NU Online News Service, March 13, 11:16 a.m. EDT
There has been a lot of anecdotal talk that personal lines insurance rates are on the increase, and now a longtime monitor of the commercial-lines markets has released figures giving evidence of the overall rise in the personal lines insurance space.
Dallas-based electronic insurance exchange MarketScout, which for years now has issued a monthly indicator on the commercial insurance lines market direction, today released its first personal lines rate barometer indicating U.S. personal lines insurance rates increased by 2 percent during the month of February from the same period last year.
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